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Tuesday, February 7, 2012

GBP/JPY 07.02.2012


/ On : 12:22 PM
The GBP / JPY broke an important resistance area at 121, giving us a buy signal.
Parity is still evolving over its bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions that support is 120.50.
The breaking of 121.85 will give a new buy signal and open the way to 122.50.
In case of return below 120.50, we will be neutral between this level and 120.
The break of 120 would give a sell signal.



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